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Sagility India Limited IPO (Sagility India IPO) Detail

November 5, 2024 - November 7, 2024

Sagility India IPO is a book built issue of Rs 2,106.60 crores. The issue is entirely an offer for sale of 70.22 crore shares.

Sagility India IPO bidding started from November 5, 2024 and ended on November 7, 2024. The allotment for Sagility India IPO was finalized on Friday, November 8, 2024. Sagility India IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, November 12, 2024.

Sagility India IPO price band is set at ₹28 to ₹30 per share. The minimum lot size for an application is 500 Shares. The minimum amount of investment required by retail investors is ₹15,000. The minimum lot size investment for sNII is 14 lots (7,000 shares), amounting to ₹210,000, and for bNII, it is 67 lots (33,500 shares), amounting to ₹1,005,000.

The issue includes a reservation of up to 1,900,000 shares for employees offered at a discount of Rs 2 to the issue price.

ICICI Securities Limited, Iifl Securities Ltd, Jefferies India Private Limited and J.P. Morgan India Private Limited are the book running lead managers of the Sagility India IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Sagility India IPO RHP for detailed information.

Sagility India IPO Details

IPO Date November 5, 2024 to November 7, 2024
Listing Date [.]
Face Value ₹10 per share
Price Band ₹28 to ₹30 per share
Lot Size 500 Shares
Total Issue Size702,199,262 shares
(aggregating up to ₹2,106.60 Cr)
Offer for Sale702,199,262 shares of ₹10
(aggregating up to ₹2,106.60 Cr)
Employee Discount Rs 2 per share
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue4,681,328,413
Share holding post issue4,681,328,413

Sagility India IPO Reservation

Sagility India IPO offers 70,21,99,262 shares. 21,00,89,779 (29.92%) to QIB, 10,50,44,889 (14.96%) to NII, 7,00,29,926 (9.97%) to RII, 19,00,000 (0.27%) to employees and 31,51,34,668 (44.88%) to Anchor investors.

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered31,51,34,668 (44.88%)NA
QIB Shares Offered21,00,89,779 (29.92%)NA
NII (HNI) Shares Offered10,50,44,889 (14.96%)
  bNII > ₹10L7,00,29,926 (9.97%)10,004
  sNII < ₹10L3,50,14,963 (4.99%)5,002
Retail Shares Offered7,00,29,926 (9.97%)1,40,059
Employee Shares Offered19,00,000 (0.27%)NA
Total Shares Offered70,21,99,262 (100%)

Sagility India IPO Anchor Investors Details

Sagility India IPO raises Rs 945.40 crore from anchor investors. Sagility India IPO Anchor bid date is November 4, 2024. Sagility India IPO Anchor Investors list

Bid Date November 4, 2024
Shares Offered 315,134,668
Anchor Portion Size (In Cr.) 945.40
Anchor lock-in period end date for 50% shares (30 Days) December 8, 2024
Anchor lock-in period end date for remaining shares (90 Days) February 6, 2025

Sagility India IPO Timeline (Tentative Schedule)

Sagility India IPO opens on November 5, 2024, and closes on November 7, 2024.

IPO Open Date Tuesday, November 5, 2024
IPO Close Date Thursday, November 7, 2024
Basis of Allotment Friday, November 8, 2024
Initiation of Refunds Friday, November 8, 2024
Credit of Shares to Demat Monday, November 11, 2024
Listing Date Tuesday, November 12, 2024
Cut-off time for UPI mandate confirmation 5 PM on November 7, 2024

Sagility India IPO Lot Size

Investors can bid for a minimum of 500 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 500 ₹15,000
Retail (Max) 13 6500 ₹195,000
S-HNI (Min) 14 7,000 ₹210,000
S-HNI (Max) 66 33,000 ₹990,000
B-HNI (Min) 67 33,500 ₹1,005,000
Lot Size Calculator

Sagility India IPO Promoter Holding

Sagility B.V. and Sagility Holdings B.V. are the company's promoters.

Share Holding Pre Issue 100%
Share Holding Post Issue

About Sagility India Limited

Sagility India Limited, formerly known as Berkmeer India Private Limited, provides healthcare-focused solutions and services to Payers (US health insurers who fund and reimburse the cost of healthcare services) and Providers (primarily hospitals, physicians, diagnostics and medical technology companies).

The company supports the core business of both payers and providers. Services to payers span their entire operational spectrum, including centralized claims administration and clinical services functions. These include claims administration, payment integrity, clinical management and other services. For providers, the company offers revenue cycle management services to assist them in managing their billing and claiming treatment costs from payers. In addition, the Company also offers some of the services it provides to Payers to Pharmacy Benefit Managers (“PBMs”) who manage prescription drug coverage for members (i.e., insureds) under health benefit plans.

The company's customers are all based in the USA. As of March 31, 2024, the Company's five largest customer groups (i.e. the customer companies together with their subsidiaries) had an average tenure of service of 17 years. In January 2024, the company served five of the ten largest payers in the US (source: Everest Report). In addition, the company acquired 20 new customers in the financial years 2024 and 2023.

As of March 31, 2024, Sagility India had 35,044 employees, of which 60.52% were women. As of March 31, 2024, 1,687 of the employees held certifications, including 374 certified medical coders, 1,280 registered nurses in the US, Philippines and India, and 33 employees with other degrees such as dentistry, surgery and pharmacy.

Company Financials

Sagility India Limited Financial Information (Restated Consolidated)

Sagility India Limited's revenue increased by 13% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets10,388.0110,664.210,590.4810,096.28
Revenue1,247.764,781.54,236.06944.39
Profit After Tax22.29228.27143.57-4.67
Net Worth7,608.166,443.136,206.674,026.62
Reserves and Surplus2,704.281,855.444,013.382,073.8
Total Borrowing943.911,933.522,347.944,239.23
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Sagility India IPO is Rs 14043.99 Cr.

KPI as of June 30, 2024.

KPI Values
Debt/Equity0.15
RoNW0.29
P/BV2
PAT Margin (%)11.83
Pre IPO Post IPO
EPS (Rs) 0.490.49
P/E (x) 61.5261.52
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Sagility India IPO Objectives)

The objectives of the Offer are to:

  1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges, and
  2. Carry out the Offer for Sale of up to 702,199,262 Equity Shares of the face value of Rs. 10 each by the Promoter Selling Shareholder.

Sagility India IPO Review (May apply)

[Dilip Davda]  The company specialized health care related technology enabled solutions and services provider to US and other advanced countries. It posted steady growth for FY22 to FY24. Based on annualized FY25, the issue appears aggressively priced. Considering its track records and the future prospects, it is pure long term story. Well-informed/cash surplus investors may park funds for long term. Read detail review...


Sagility India IPO Subscription Status (Bidding Detail)

The Sagility India IPO is subscribed 3.20 times on November 7, 2024 6:19:09 PM. The public issue subscribed 4.16 times in the retail category, 3.52 times in the QIB category, and 1.93 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB3.52
NII1.93
    bNII (bids above ₹10L)1.69
    sNII (bids below ₹10L)2.41
Retail4.16
Employee3.75
Total3.20

Total Application : 573,307 (4.09 times)

Sagility India IPO Prospectus

Sagility India IPO Rating

22
2.6
Rating:Rated 2.6 stars
Vote Here ...

Sagility India Limited Contact Details

Sagility India Limited
No. 23 & 24, AMR Tech Park,
Building 2A, First Floor, Hongasandara Village,
Off Hosur Road, Bommanahalli, Bengaluru - 560 068
Phone: +91- 80-7125 150
Email: investorservice@sagilityhealth.com
Website: http://www.sagilityhealth.com/

Sagility India IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: sagility.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Sagility India IPO FAQs

Sagility India IPO is a main-board IPO of 702,199,262 equity shares of the face value of ₹10 aggregating up to ₹2,106.60 Crores. The issue is priced at ₹28 to ₹30 per share. The minimum order quantity is 500 Shares.

The IPO opens on November 5, 2024, and closes on November 7, 2024.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Sagility India IPO using UPI as a payment gateway. Zerodha customers can apply in Sagility India IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Sagility India IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Sagility India IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Sagility India IPO opens on November 5, 2024 and closes on November 7, 2024.

Sagility India IPO lot size is 500 Shares, and the minimum amount required is ₹15,000.

You can apply in Sagility India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Sagility India IPO will be done on Friday, November 8, 2024, and the allotted shares will be credited to your demat account by Monday, November 11, 2024. Check the Sagility India IPO allotment status.

The Sagility India IPO listing date is not yet announced. The tentative date of Sagility India IPO listing is Tuesday, November 12, 2024.
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